Because the Russians want to be whales too. Did you not hear that guy, he complained about a $131 post, he wants more.
Ned is probably not confident enough in his own project so he is betting on multiple horses at the expense of steem power holders. Might sound harsh to say that but I honestly can't think of any other reasons. Or maybe selling the proprietary tech to companies was the plan all along.
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I don't know what Ned's motivations are so I'll let him speak for himself...but I can definitely say the people who I think are being hurt most are the ones who actually sacrifice for the project.
I am not hurt nearly as badly as others so I am not nearly as worried about myself, but I will certainly say this changes the dynamic for me substantially. The Diaspora will come...but heck you have to admit the hope of receiving 17% total of the tokens given out seems like a relatively easy way to make 3 million up front and a lot more money dumping (while all of the steem token holders get a small, non-weighted amount of GolosP as SP in the new system).
That would be a nightmare ! I don't want to think about it
That was the original plan of Graphene. I'm not sure if it applies here.